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Fabio Tambone - IEA

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Progressive harmonisation as a condition for<br />

stronger investments 2/2<br />

• Non-refundable subsidies (grants and concessional loans) should be<br />

accompained by private initiatives (e.g., private equity)<br />

• Innovative financial instruments targeted at specific projects (e.g.,<br />

sophisticated hedging instruments and derivatives trading to promote<br />

liquidity)<br />

• Need for coordination among different regional inititiatives:<br />

• MED-TSO<br />

• Desertec<br />

• Union for the Mediterranean (UPM)<br />

• European Investment Bank (EIB)<br />

• European Bank for Reconstruction and Development (EBRD),<br />

• MedGrid<br />

• RES4MED<br />

• African Development Bank<br />

• World Bank<br />

• InfraMed<br />

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